Autonomous Vehicles Market Growth Probability, Leading Vendors and Future Scenario By 2024-2031

Autonomous Vehicles market is anticipated to grow at a CAGR of 24.2% during the forecast period (2023-2030). Autonomous vehicles, also known as self-driving cars, are vehicles that are capable of sensing their surroundings and operating without human involvement. They use a combination of sensors, software, and artificial intelligence to navigate roads, avoid obstacles, and obey traffic laws. AVs are still in the early stages of development, but they are rapidly becoming more sophisticated and reliable.

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In September 2023, Dubai is rolling out its first round of robotaxis, as a part of a plan to alleviate congestion and accidents. Five fully autonomous electric taxis, operated by a General Motors subsidiary called Cruise, will begin test driving on an 8km (5 mile) stretch in the upscale Jumeirah district of the United Arab Emirates city. Dubai hopes to become the first Middle Eastern city to introduce driverless taxis, Bahrozyan said. Autonomous taxis currently operate in several cities around the world, mostly in the US and China.

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  • Market Coverage
  • Market number available for – 2024-2031
  • Base year- 2024
  • Forecast period- 2024-2031
  • Segment Covered- By Source, By Product Type, By Applications
  • Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
  • , and others

Global Autonomous vehicles Market Report Segment

By Component  

  • Hardware
  • Software and Services

By Application 

  • Transportation (commercial and industrial)
  • Defence

By Vehicle Type

  • Car
  • Bus
  • Truck

Global Autonomous vehicles Market Report Segment by Region

North America

  • United States
  • Canada

Europe

  • UK
  • Germany
  • Italy
  • Spain
  • France
  • Rest of Europe

Asia-Pacific

  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific

Rest of the World

  • Latin America
  • Middle East & Africa

The Report Covers

  • Market value data analysis of 2022 and forecast to 2030.
  • Annualized market revenues ($ million) for each market segment.
  • Country-wise analysis of major geographical regions.
  • Key companies operating in the global Autonomous vehicles market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
  • Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
  • Analysis of market-entry and market expansion strategies.
  • Competitive strategies by identifying ‘who-stands-where’ in the market.

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